Hits:Updated:2016-05-24 15:05:31【Print】
For Hanjin Shipping, which is in the quagmire of bankruptcy, the friends who are still counting on the rescue of the Korean government may be disappointed!
South Korean President Park Geun-hye officially warned, "The South Korean government will not rescue Hanjin Shipping, and Hanjin Shipping cannot rely on the government to solve all the current problems."
At the same time, according to a Reuters report, a South Korean official said on condition of anonymity that the South Korean government has made up its mind that all government and central bank money will no longer be directly injected into shipping and shipbuilding, which are undergoing restructuring, such as Hanjin Shipping. Enterprises, all can only wait for the court's judgment.(The government decided it was time to cut them off because they knew they were sinking)
40 billion won has arrived in the account, but it is also the same!
If the government does not help, Hanjin Shipping can only find a solution on its own.
Previously, Hanjin Group Chairman Cho Yang-ho promised to provide 40 billion won (about 35 million US dollars) of personal support, which was officially put in place today. At the same time, Choi Eun-young, the former president of Hanjin Shipping from the same family, also offered to make a personal contribution of 10 billion won (about 9 million U.S. dollars).
However, the money is far from meeting the needs of Hanjin Shipping. Earlier, Korean Air, one of Hanjin Shipping's major shareholders, had also pledged to provide a capital injection of 60 billion won (about 55 million U.S. dollars), but the funds may take a long time to arrive. (It may take "considerable time" for Korean Air to provide the loans for Hanjin Shipping).
Even if the 60 billion won is received, it will not solve the problem of Hanjin Shipping. It is reported that to unload all the trapped cargo, Hanjin Shipping currently needs at least 173 billion won (about 150 million US dollars). Not to mention, Hanjin Shipping currently has 6.6 trillion won ($5.7 billion) in debt.
At the same time, the house leak happens to be rainy and rainy, and Daewoo Shipbuilding in South Korea is also in crisis! Ren Jong-ryong, chairman of the Korea Financial Services Commission, said recently that once Daewoo Shipbuilding goes bankrupt, the Korea Development Bank and the Export-Import Bank will suffer huge losses of 13 trillion won (about 11.89 billion U.S. dollars).
From the current point of view, the South Korean government has already given up on Hanjin Shipping. It is only a matter of time before the bankruptcy and sinking of this former shipping giant. Want to remember the dead? almost impossible!
Don't count on Hanjin Shipping anymore, hurry up to arrange transshipment and return shipments, otherwise the storage fee and demurrage fee at the terminal will skyrocket for every day of delay!
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